Laurentian Bank of Canada

LB

CA51925D1069

Banks

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
25.9 ^CAD	+0.39%		+0.58%	-7.07%

Apr. 18	Correction: -- Laurentian Bank Brief: Announcing Conversion Privilege of Non-Cumulative Class A Preferred Shares, Series 13 (Does Not Involve IAG)	MT
Apr. 18	Laurentian Bank Brief: Announcing Conversion Privilege of Non-Cumulative Class A Preferred Shares, Series 13	MT

Laurentian Bank of Canada Reports Earnings Results for the First Quarter Ended January 31, 2024

February 29, 2024 at 08:02 am EST

Laurentian Bank of Canada reported earnings results for the first quarter ended January 31, 2024. For the first quarter, the company reported net interest income was CAD 185.25 million compared to CAD 187.12 million a year ago. Net income was CAD 37.28 million compared to CAD 51.91 million a year ago.

Basic earnings per share from continuing operations was CAD 0.75 compared to CAD 1.09 a year ago. Diluted earnings per share from continuing operations was CAD 0.75 compared to CAD 1.09 a year ago.

Latest news about Laurentian Bank of Canada

Correction: -- Laurentian Bank Brief: Announcing Conversion Privilege of Non-Cumulative Class A Preferred Shares, Series 13 (Does Not Involve IAG)	Apr. 18	MT
Laurentian Bank Brief: Announcing Conversion Privilege of Non-Cumulative Class A Preferred Shares, Series 13	Apr. 18	MT
Canada's Banking Regulator Announced Cap on Banks' Mortgages to Highly Indebted Borrowers	Apr. 12	MT
Canadian Banks Caught In ESG Backlash From U.S. State Officials	Apr. 10	MT
Transcript : Laurentian Bank of Canada - Shareholder/Analyst Call	Apr. 09
Laurentian Bank inks deal to sell assets of retail investment broker division	Apr. 04	RE
Laurentian Bank Securities Selling Assets Under Administration of its Retail Full-service Investment Broker Division To iA Financial Group	Apr. 04	MT
Laurentian Bank Brief: Laurentian Bank Securities Selling Assets Under Administration of its Retail full-service investment broker division; Involves iA Financial Group	Apr. 04	MT
Laurentian Bank Brief: Laurentian Bank Securities Selling Assets Under Administration of its Retail full-service investment broker division	Apr. 04	MT
Laurentian Bank Says Kelsey Gunderson, Head of Capital Markets, Departs for Personal Reasons	Apr. 02	MT
Laurentian Bank Brief: Announcing that Kelsey Gunderson, Executive Vice President & Head, Capital Markets, Leaving the Bank to "Focus on personal interests"	Apr. 02	MT
Laurentian Bank Announces Executive Changes	Apr. 02	CI
Laurentian Bank Brief: Releasing its 2023 ESG Report	Mar. 07	MT
National Bank on Laurentian Bank's Q1 -- "Sequentially Stronger, But Still a Tough Road Ahead"	Mar. 01	MT
Transcript : Laurentian Bank of Canada, Q1 2024 Earnings Call, Feb 29, 2024	Feb. 29
Laurentian Bank of Canada Reports Earnings Results for the First Quarter Ended January 31, 2024	Feb. 29	CI
Laurentian Bank Reports Q1 Adjusted EPS of $0.91	Feb. 29	MT
Laurentian Bank Brief: Declared a regular quarterly dividend of $0.47 per share on the common shares' payable on May 1, 2024 to the holders of record at the close of business on April 1, 2024	Feb. 29	MT
Laurentian Bank Brief: Reporting net income of $37.3 million and diluted earnings per share of $0.75 for the first quarter of 2024, compared with $51.9 million and $1.09 for the first quarter of 2023	Feb. 29	MT
Laurentian Bank of Canada Declares Quarterly Dividend on Common Share, Payable on May 1, 2024	Feb. 29	CI
North American Morning Briefing : Fed's Preferred -2-	Feb. 29	DJ
North American Morning Briefing : Fed's Preferred Inflation Gauge in the Spotlight	Feb. 29	DJ
CIBC Raises Price Target on Seven Canadian Banks	Feb. 14	MT
Laurentian Bank Appointed Three New Members To Its Board	Feb. 07	MT
Laurentian Bank Announces Three New Directors	Feb. 07	CI

Chart Laurentian Bank of Canada

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Company Profile

Laurentian Bank of Canada (the Bank) is a Canada-based provider of financial services to its personal, commercial and institutional customers. The Bank operates in Canada and the United States. Its segments include Personal Banking, Commercial Banking and Capital Markets. The Personal Banking segment caters to the financial needs of retail clients. The Commercial Banking segment caters to the financial needs of business clients across Canada and in the United States and provides commercial banking, real estate financing, and equipment and inventory financing. The Capital Markets segment provides a range of services, including research, market analysis and advisory services, corporate underwriting for debt and equity, and administrative services. The Bank's clients can access its offering of financial advice, products and services through a network of branches in Quebec. The Bank offers a digital direct-to-customer platform to all Canadians. The Bank has approximately 57 branches.

Sector

Banks

Calendar

2024-05-30 - Q2 2024 Earnings Release

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Ratings for Laurentian Bank of Canada

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

25.9 CAD

Average target price

27.36 CAD

Spread / Average Target

+5.65%

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Quarterly earnings - Rate of surprise

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